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Property profile & analytics
FOR SALE
High-rise multifamily apartments
3233 Eliot St Denver, CO 80211
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0804630
For Sale
1 / 38
$8,800,000
3233 Eliot St, Denver, CO 80211
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2015
Construction
WOOD
Total area
22,076 SF
Lot
0.33 ac (14,568 SF)
Zoning code
U-MX-3
APN
02291-31-021-000
UPID
US13-0804630
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Eliot Flats Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.53M
Blend (final)
Blend
$8.80M
Owner & transaction history
Eliot Flats Apartments LLC · 1 yrs held
Eliot Flats Apartments LLC
since 2024
Last sale
$8.8M
4 recorded transactions
Zoning & alternative use
U-MX-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.8M
+24.4%
Restaurant
$9.0M
+3.9%
Auto repair, garage
$8.8M
+1.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,800,000
ML approach
$8,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,695,000
Current use
RETAIL STORES
$10,815,000
Change: +24% · Conversion: Difficult
RESTAURANT
$9,030,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,840,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,165,000
Change: -18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,145,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±10% · vs last sale $8.80M (Aug 28 2024)
Last sale anchor
$8.80M
Aug 28 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$399 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,821
Tax year 2023
Assessed value
$733,310
Assessed 2023
Previous assessed
$611,360
+19.9% YoY
Effective rate
7.75%
On assessed value
Assessed land
$132,960
Assessed improvement
$600,350
Land market value
$2,039,500
Improvement market value
$8,960,500
Total market value
$11,000,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
For Sale
Year built
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
40
Rooms
90
Bathrooms
1
Total area
22,076 SF
Lot
0.33 ac (14,568 SF)
Zoning code
U-MX-3
APN
02291-31-021-000
UPID
US13-0804630
Jurisdiction
DENVER
Zoning & alternative use
U-MX-3 · Denver, CO
Zoning U-MX-3 · permitted uses
U-MX-3 · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.7M
RETAIL STORES
Est. value
$10.8M
RESTAURANT
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
40
Rooms
90
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Eliot Flats Apartments LLC
Entity
Mailing address
1530 S 16TH ST, DENVER, CO 80202-1464
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$8,800,000
Eliot Flats Apartments LLC
Hflp Lincoln Place Member LLC
Special Warranty Deed
—
Oct 27, 2016
—
Br Land Holdings LLC
—
Deed
related
$5,300,000 · Northmarq Cap
Feb 4, 2015
$400,000
Br Land Holdings LLC
Delmonico Michael J
Grant Deed
—
—
—
Br Land Holdings LLC
—
Deed Of Trust
related
$5,300,000 · Northmarq Cap
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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